This question may be naive but I am wet behind the ears as FTB of a two bedroom flat in Malmesbury. Do I pick up the keys to the property on the completion date from my conveyancer? If this is the case, I will find a local conveyancing solicitor in Malmesbury?
On the day of completion you do not need to go to the conveyancers office in Malmesbury. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be invited to collect the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
We are getting the release of further funds on our mortgage from Leeds Building Society as we wish to conduct a loft conversion to our home in Malmesbury. Do we need to appoint a high street Malmesbury solicitor on the Leeds Building Society conveyancing panel to deal with the legals?
Leeds Building Society do not ordinarily instruct a member of their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Leeds Building Society panel.
I currently have a mortgage with Santander for my property in Malmesbury. Conveyancing was finalised 12 months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
You must advise Santander before letting out your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. You need not do this via a Santander conveyancing panel firm.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Malmesbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Malmesbury
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There must be mutual enforceability of lessee’s covenants. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one round the corner in Malmesbury I like with a park and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. There is not much else in Malmesbury for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years will likely be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
I'm converting the mortgage on my primary property to a BTL mortgage with Clydesdale and I will use the rest of the raised equity as a down payment on a second house. The area we are interested in is Malmesbury. Will your lawyers be able to act for both sets of lenders and link together the transactions?
Do use our comparison tool on this site to be sure that the solicitors are on the appropriate lender panels. On the basis that they are the solicitor should be able to tie up the two deals but you should have a chat with you lawyer and specify your expectations and requirements.
My uncle has recommend that I appoint his conveyancing solicitors in Malmesbury. Should I choose my own conveyancer?
No doubt the best way to select a conveyancing lawyer is to get recommendations from friends or family who have actually previously instructed the firm you're contemplating using.
There are a number of houses in Malmesbury on unadopted lanes. We are buying such a house. What would be the pros and cons of buying a house on a private road?
Malmesbury conveyancing practices will be well versed in conveyancing propertieson private. Your lawyer will review the Land Registry data to find any rights or responsibilities. In many cases there is a residents association that owners pay into to maintain the road. Where one exists, the road should be maintained and appear nicer than council owned.